Question

The function y=7500(1.08)t represents the value y of an investment after t years. What is the value of the investment after 6 years?

Answer 1

11901.56 :)

Short Explanation :

If you plug the function y=7500(1.08)^t into a calculator, you'll get something like 11901.55742208. But since money obviously isn't counted like that, you just round it to the nearest hundredth :) hope that helped!